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Spain's Yoigo Up for Sale Again

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Note -- this news article is more than a year old.

Teliasonera is reported to be in talks that could see it selling its Spanish mobile networks subsidiary, Yoigo.

The sale of the Spanish network has been on and off for several years, with Teliasonera canceling the last significant attempt to sell the company in 2012, citing low bids.

Now talks about a sale are said to be on again following a reported approach from the local telecommunications provider Masmovil Ibercom, as well as private equity investors.

Citing sources familiar with the talks, a sale could be worth around US$570 million. That is lower than the offers the company rejected in the past, but the market has shrunk since then, reducing the value of the company.

Teliasonera owns 76.56% of the Spanish mobile network. According to our records, ACS, a construction and services group, has a 17 percent stake, FCC a 3.4 percent stake and Telvent a 3 percent stake.

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Tags: yoigo  teliasonera  Spain